The latest budget includes lower tax rates under the new regime. As per the notification from the Income Tax department, regime can be selected only once in the financial year. If an employee has business income, then regime selection will be restricted even for the next financial year.
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Related Links:
Video- To watch a video on Budget changes for FY 2023-24, click here.
FAQs: To read more about Budget changes for FY 2023-24, click here.
Documentation:
- To learn more about the recent Budget changes for FY 2023-24, click here.
- To learn more about the Tax Slabs of budget changes, click here.
Product Update- To read about the product update, click here.
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